DSPIX vs. PRNHX
Compare and contrast key facts about BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) and T. Rowe Price New Horizons Fund (PRNHX).
DSPIX is managed by BNY Mellon. It was launched on Sep 30, 1993. PRNHX is managed by T. Rowe Price. It was launched on Jun 3, 1960.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DSPIX or PRNHX.
Key characteristics
| DSPIX | PRNHX | |
|---|---|---|
| YTD Return | 20.88% | 3.84% |
| 1Y Return | 31.83% | 12.77% |
| 3Y Return (Ann) | 11.03% | -9.26% |
| 5Y Return (Ann) | 15.53% | 7.96% |
| 10Y Return (Ann) | 13.01% | 11.98% |
| Sharpe Ratio | 2.43 | 0.66 |
| Daily Std Dev | 12.60% | 17.84% |
| Max Drawdown | -55.32% | -55.79% |
| Current Drawdown | 0.00% | -28.80% |
Correlation
The correlation between DSPIX and PRNHX is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DSPIX vs. PRNHX - Performance Comparison
In the year-to-date period, DSPIX achieves a 20.88% return, which is significantly higher than PRNHX's 3.84% return. Over the past 10 years, DSPIX has outperformed PRNHX with an annualized return of 13.01%, while PRNHX has yielded a comparatively lower 11.98% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DSPIX vs. PRNHX - Expense Ratio Comparison
DSPIX has a 0.20% expense ratio, which is lower than PRNHX's 0.75% expense ratio.
Risk-Adjusted Performance
DSPIX vs. PRNHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) and T. Rowe Price New Horizons Fund (PRNHX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
DSPIX vs. PRNHX - Dividend Comparison
DSPIX's dividend yield for the trailing twelve months is around 22.82%, while PRNHX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DSPIX BNY Mellon Institutional S&P 500 Stock Index Fund | 22.82% | 27.46% | 18.33% | 12.91% | 4.64% | 5.01% | 6.33% | 2.53% | 2.91% | 2.63% | 1.70% | 1.71% |
PRNHX T. Rowe Price New Horizons Fund | 0.00% | 0.00% | 4.72% | 17.09% | 13.58% | 11.73% | 13.94% | 8.27% | 5.77% | 7.72% | 11.65% | 6.61% |
Drawdowns
DSPIX vs. PRNHX - Drawdown Comparison
The maximum DSPIX drawdown since its inception was -55.32%, roughly equal to the maximum PRNHX drawdown of -55.79%. Use the drawdown chart below to compare losses from any high point for DSPIX and PRNHX. For additional features, visit the drawdowns tool.
Volatility
DSPIX vs. PRNHX - Volatility Comparison
The current volatility for BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) is 4.33%, while T. Rowe Price New Horizons Fund (PRNHX) has a volatility of 5.05%. This indicates that DSPIX experiences smaller price fluctuations and is considered to be less risky than PRNHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.